Instant Settlement Needed to Compete With Crypto, India's Markets Regulator Says
Summary
SEBI chairperson warns that without instant settlement, investors may move to crypto. India plans same-day settlement cycle from March 28, aiming to stay competitive. Buch emphasizes the need for instant settlement to prevent market migration to crypto. SEBI also aims to adopt instant settlement by March 2025. Bitcoin's price hits all-time high. SEBI has historically had a distant role in crypto regulation in India.
